The government is close to reopening. The Senate voted Monday in favor of a temporary spending bill to fund the government until February 8th. The Daily Beast's White House Reporter Lachlan Markay explains rhetoric on Capitol Hill over this short-term resolution.
"Really all Democrats were able to get out of this deal was an agreement to vote on something that Senate majority leader Mitch McConnell insisted the Senate was already going to vote on," says Markay. "So from the Democratic perspective its not clear they got anything." McConnell promised the Democrats to vote on immigration reform as part of the spending resolution.
The House still needs to approve the measure the Senate passed in order for the government to reopen. With the funding extension, it's possible the government could face another shutdown in three weeks says Markay.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
